Argan, Inc. (AGX) shares took off in today’s pre-market trading, buoyed by the company’s impressive second-quarter financial results. The company reported earnings of $1.31 per share, significantly surpassing the analyst consensus estimate of 92 cents per share. Argan’s revenue also outperformed expectations, coming in at $227.015 million compared to the anticipated $183.550 million. This strong performance propelled AGX shares up a remarkable 18.4% to $84.54 in the pre-market session.
Beyond Argan, several other stocks were making waves in pre-market trading. Among the gainers:
*
Wheeler Real Estate Investment Trust, Inc. (WHLR):
This company saw an astounding 175.8% surge to $11.42 in pre-market trading, following a 302% jump on Thursday.*
BloomZ Inc. (BLMZ):
BloomZ shares climbed 52.3% to $1.23 after announcing a business agreement with CrossVision for joint entertainment offerings.*
Vor Biopharma Inc. (VOR):
This company’s stock gained 27.3% to $1.05, fueled by the release of new clinical data supporting the effectiveness of shielded transplants for targeted therapies.*
Faraday Future Intelligent Electric Inc. (FFIE):
FFIE shares rose 24.8% to $6.52 after the company secured $30 million in financing commitments from investors in the Middle East, the United States, and Asia.*
BurgerFi International, Inc. (BFI):
BurgerFi shares advanced 17.3% to $0.2135, building on a 26% jump on Thursday.*
Bowlero Corp. (BOWL):
This company’s stock gained 14.9% to $12.40, boosted by strong quarterly sales.*
Meiwu Technology Co Ltd (WNW):
WNW shares rose 13.6% to $0.92.*
Quanex Building Products Corporation (NX):
Quanex saw an 8.6% increase to $27.00, driven by better-than-expected third-quarter results and above-estimate FY24 guidance.*
Guidewire Software, Inc. (GWRE):
GWRE shares climbed 6.4% to $153.11, supported by strong fourth-quarter financial results.However, not all stocks were experiencing positive momentum in the pre-market. Here are some of the notable decliners:
*
Inspire Veterinary Partners, Inc. (IVP):
Following a 63% jump on Thursday, IVP shares tumbled 20.1% to $0.9349. The company recently signed a non-binding letter of intent (LOI) to acquire the AI platform Vetaie.ai in an all-stock transaction.*
Hoth Therapeutics, Inc. (HOTH):
Despite surging 81% on Thursday, HOTH shares fell 19.8% to $1.01. The company’s recent announcement of data from its HT-001 therapy for treating epidermal growth factor receptor inhibitor-associated papulopustular eruptions may have led to some profit-taking.*
Eastside Distilling, Inc. (EAST):
After a remarkable 89% surge on Thursday, EAST shares declined 17.4% to $1.19. The company announced a $0.4 million registered direct offering, priced at a premium to market under Nasdaq rules.*
Clene Inc. (CLNN):
CLNN shares dropped 17.4% to $5.21, following a 5% decline on Thursday.*
ThredUp Inc. (TDUP):
TDUP shares fell 16.1% to $0.73.*
Autozi Internet Technology (Global) Ltd. (AZI):
After a 35% dip on Thursday, AZI shares continued their decline, falling 12.2% to $1.59.*
Sify Technologies Limited (SIFY):
SIFY shares decreased 10.5% to $0.4743, extending Thursday’s 18% decline.*
Planet Labs PBC (PL):
PL shares tumbled 9.7% to $2.24, driven by disappointing quarterly sales.*
Broadcom Inc. (AVGO):
Despite reporting better-than-expected third-quarter results after the closing bell on Thursday, AVGO shares dipped 9.4% to $138.51. The company projected fourth-quarter revenue of approximately $14 billion.*
